I hope this is helpful and answers your question.
If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.
Assume your explanation No.2 we sell inclusive of Vat.
In my world, the total amount of VAT on £100's worth of goods is :-
£20 input tax we paid to the supplier,
£41.67 tax paid by the end user,
Am I right looking at it like this. I thought the Vat was paid by the end user. This is why I am confused. Also VAT if my interretaion is correct is 61.67% not 20%.
I have spent hours trying to get this explained. Thank you very much for your explanation.
This is the first time i have used this method of problem solving, and it has proved to be very successful.
Well worth the price
If you are happy and there are no more issues I will appreciate if you would kindly rate the service I provided to ensure I get credited for it.
My farther told me as you sow so shall you reap. Good service deserves good rewards.